Jamaica Business News: Economy, Financial Sector & More ? Jamaica Observer - Business - JamaicaObserver.com


BOJ reduces cash reserve requirement for DTIs

Sunday, May, 17 2020    

The Bank of Jamaica (BOJ) is reporting that it has reduced the cash reserve requirements for deposit-taking institutions (DTIs) by two percentage points. Read More

NCB returns money not processed by ATM

Claudienne Edwards | Sunday, May, 17 2020    

Dear ClaudienneI have been reading some of your articles online and I would like to thank you for the assistance you have offered to the Jamaican people as it relates to having issues solved. Read More

UK pubs try to avoid last orders as virus crisis deepens

Sunday, May, 17 2020    

LONDON, United Kingdom (AFP) — The French House survived two world wars and global recessions. Charles de Gaulle is said to have frequented it and Dylan Thomas once left his manuscript for Under Milk Wood at the bar. Read More

US retail sales plunged a record 16 per cent in April

Saturday, May, 16 2020    

BALTIMORE , United States (AP) — US retail sales tumbled by a record 16.4 per cent from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed down a sinking... Read More

GraceKennedy Q1 profit before tax up 50 per cent

Friday, May, 15 2020    

While classifying the first quarter of this year as a period of great uncertainty, GraceKennedy (GK) Group yesterday reported that results for the period have been the highest in recent times. Read More

Small business grants to be paid in May

Friday, May, 15 2020    

Minister of Finance and the Public Service Dr Nigel Clarke says the verification of COVID-19 Small Business Grant applications is underway and payments will be processed following the review of the auditor general. Read More

Ja's tourism sector to reopen soon

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Friday, May, 15 2020    

Jamaica's tourism industry will be reopened in short order with a date to be announced soon. That's the word from the country's tourism minister, Edmund Bartlett. Read More

Safe corridors to pave way for tourism's return — Holness

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Friday, May, 15 2020    

In its preparation to reopen the country to tourism, Jamaica is considering a type of safe travel corridor for tourists with up to date travel certificates or health passports in order to restart the toursim industry, according to Prime Minsister Andrew Holness, speaking in an interview... Read More

SmartTerm to offer services for free until new school term

Friday, May, 15 2020    

With schools closed to protect against the spread of the novel coronavirus (COVID-19), online learning platform SmartTerm says students and teachers can access the platform at no cost until the start of the new school year, which will begin on September... Read More

CAB appoints new board director

Friday, May, 15 2020    

The Caribbean Association of Banks (CAB) this week announced Michael Walcott as its latest addition to the board of directors. Read More

A grim short-term outlook for the Caribbean — IDB's Turner-Jones

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Friday, May, 15 2020    

As the world and by extension Caribbean economies reel from the impacts of the COVID-19 pandemic, it is believed that special effort will have to be undertaken in order to combat the debilitating impacts and chart a path of positive recovery for the... Read More

IT experts urge SMEs to utilise productivity apps and tools during COVID-19

Friday, May, 15 2020    

Information technology experts are urging small and medium enterprises (SMEs) to utilise productivity software to manage their business operations during the COVID-19 pandemic. Read More

Increased revenues, less profit for tTech in 2019 financial year

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, May, 13 2020    

Managed IT services and consulting company tTech Limited remained profitable for its fourth year since its January 2016 listing on the Junior Market of the Jamaica Stock Exchange, amid a mixed performance. Read More

Calls for intra-regional trade increase, while cutting import bill

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, May, 13 2020    

At a recent Food and Agriculture Organization (FAO) and Caricom forum, several stakeholders have renewed calls for the promotion of increased intra-regional trade among member states, which they say will help to boost the region's agricultural sector and reduce the hefty food import bill... Read More

SSL selected to lead US$3.5-M IRIE JAM private placement

BY DURRANT PATE Observer business writer | Wednesday, May, 13 2020    

Stocks and Securities Limited (SSL) has been selected to lead US-based, Jamaican-owned media company IRIE JAM's US$3.5-million private placement locally, as the company seeks capital to fund its expansion plans. Read More


Today's Cartoon

Click image to view full size editorial cartoon